Displaying items by tag: FCA
Warning about FCA retirement income advice probe
Financial Planning firms need to assess their retirement income advice in advance of the FCA’s impending review of the retirement income market, a compliance firm has warned.
FCA bans advisers over £42.3m BSPS-linked pension transfers
The Financial Conduct Authority has banned Darren Reynolds and Andrew Deeney of Active Wealth Limited for dishonest pension transfer advice.
FCA punishes 2 over BSPS transfer advice failings
The FCA has banned financial advisers Keith Dickinson and Andrew Allen for British Steel Pension Scheme transfer advice failings and ordered them to pay £155,000 in compensation.
40 BSPS adviser firms have failed so far
Forty financial advice firms hit by BSPS claims have so far failed with a further seven under investigation, latest FSCS data shows.
Two pension transfer advisers face £1.3m in FCA fines
The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.
FCA updates guidance on transfers and vulnerable clients
The FCA has issued new guidance to advisers on giving pension transfer advice to vulnerable clients.
Lisa Webster: Side effects of lifetime allowance axe
The removal of the lifetime allowance in the Budget was certainly an attention-grabbing headline.
Advice group LEBC enters administration
National IFA, pensions and employee benefits consultancy firm LEBC has entered into administration after selling its assets to sister company Aspira Corporate Solutions.
FCA halts work on simplified advice regime
The Financial Conduct Authority has put plans to create a simplified advice regime on hold.
FCA appoints 3 new statutory panel chairs
The FCA has appointed three new chairs for its statutory panels.